WORLD BUSINESS BRIEFING: EUROPE; WARNING ON IRISH INFLATION

The Irish government's central bank warned in its quarterly bulletin that increased inflation and rising wages put the economy at risk of recession, despite growth of 8 percent for the last six ears. The bank said that inflation, which is expected to surpass 7 percent shortly, should diminish to an average rate of 4 percent next year. Wages are currently growing at 7.25 percent. Brian Lavery